Should I spend the extra $40 or save it?
I plan on buying a house soon and will have a lot of tools to buy. That $40 could go a long way considering I don't even own a decent socket set yet. I have one of those cheap ass socket books, lol.
...I know, I know, I'm an embarrassment, but I live in an apartment and since I don't have a garage for projects or tool storage, I just go over to my parents and use their shit, lol.

When it comes time for the big stuff like drills, saws and nail guns I promise I won't skimp on the quality, I'll be purchasing good stuff: Makita, DeWalt, Hitachi, etc...
I did interior metal and exterior wood framing for a total of 5 years so I know all about good power and air tools

i have a knock off dremel but its not from harbor freight its from target. the dremel itself is fine, its just the accessories it came with aren't up to par. i just replaced them with tougher stuff, but the dremel itself is coo, always wear goggles !!

dude harbor freight has some cheap stuff. i was just asking someone in my office today this very same question. i think of it like this. 10$ vs 40$ if the 10$ breaks breaks or stops working surely it still has some warrenty(hopefully) but if you have to buy another the two you just bought are still cheaper than the price of the name brand. hmmmmmm. you do get what you pay for.

I've got one of the harbor freight ones, and the accessories are definately cheap but for $10 I couldn't beat it. Not sure what one your looking at but mine has 3 speeds not sure of RPM's though. I've probably used it 20 times in the 8 months I've owned it and haven't any problems.

Harbor freight is hit and miss with me. I have a grinder and a sawzall from there that I have beat to death and they still work great. On the other hand I bought a drill from there and it lasted 10 minutes- I kid you not. I have an actual Dremel tool that's 10 years old. God those are the handiest tools on the planet. Can't tell you how many things I've fixed or done with mine. Worth every penny.